# September 2023 What is the amount a person would have to deposit today present value at 13

2024 Personal Financing Assignment Help

What is the amount a person would have to deposit today present value at 13 2023

What is the amount a person would have to deposit today (present value) at 13 percent interest rate to have $10500 saved 18 years from now. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 5 (1 point) What is the amount you would have to deposit today to be able to take out $1670 a year for 8 years from an account earning 8 percent. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 6 (1 point) If you desire to have $57100 for a down payment for a house in 8 years, what amount would you need to deposit today? Assume that your money will earn 6 percent. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 7 (1 point) Pete Morton is planning to go to graduate school in a program of study that will take 3 years. Pete wants to have $14900 available each year for various school and living expenses. If he earns 8 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $14900 a year for 3 years? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 8 (1 point) Carla Lopez deposits $7180 a year into her retirement account. If these funds have an average earning of 3 percent over the 6 years until her retirement, what will be the value of her retirement account? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 9 (1 point) If a person spends $28 a week on coffee (52 weeks in a year), what would be the future value of that amount over 11years if the funds were deposited in an account earning 7 percent? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Chapter 1 LO 1.3 Question 10 (1 point) A financial company that advertises on television will pay you $65,000 now for annual payments of $9,400 that you are expected to receive for a legal settlement over the next 8 years. Assume you estimate the time value of money at 10 percent. Use the appropriate time value of money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ]. (a) What is the present value? (Round your answer to the nearest whole number. Omit the comma, period, and “$” sign in your response.) Save